How to Apply for First City Monument Bank FCMB Salary advance/payday loan

First City Monument Bank[ FCMB ] offer different type salary in advance/ Pay day loan for Nigeria salary earners. The credit facility  include Fastcash, Premium Loan,Salary Plus Loan,Auto Loan and Credit card

This kind of loans doesn’t required collateral,it is meant for  emergencies and urgent needs. Both FCMB customers and NON customers can access short- or medium-term funding, before payment of salaries.

First and foremost let take a look at each loan requirements and steps to obtain various Credit facility with first city monument bank.


First city monument bank ,Salary Plus Loan is a consumer credit scheme available to salary account holders which enable qualified FCMB customers access short- or medium-term funding, before payment of salaries


Employee who’s salary account domicile with a particular bank with consistent receipt of salaries for a period of 6 months and categorized employer.


Salary Plus Top-Up

Salary top-up loan is a credit scheme available to existing customers who have a salary plus loan. Prequalification is done based on criteria such as up-to-date salary and no missed repayments on loans within the last 6 months.

You can apply for this loan in 2 easy ways:

Loan top-up via FCMBOnline

To top-up your Salary loan through FCMBOnline , simply follow the steps below:

Log on to FCMBOnline
Click on Consumer Loan
Click on Salary plus top up
Select Current account number
Confirm loan amount
Check the box for terms and conditions.
Submit request and loan is disbursed within 8 hours.

Salary plus top up at Branch

To top-up your Salary Plus loan at any FCMB Branch, simply follow the steps below:

Hand over account number to the Teller at the Branch
Teller inputs customer account number on the system to confirm customer eligibility.
Eligible amount is displayed.
Customer confirms go ahead with the loan amount and conditions.
Teller submits the request to Head teller for appropriate confirmation
OTP is generated upon completion and sent to the customers ‘registered phone number for confirmation
Customer reads out the OTP and teller.
Loan is disbursed within 8 hours.

You may also like:FCMB Transfer Code : How to transfer from FCMB to other banks account

2. FCMB Premium Salary Plus Loan

Foe you to be qualify for First city monument bank Premium Salary Plus loan, employee must be rated on Moody’s with a minimum BB- rating and they must be confirmed staff of commercial organizations.

However, employees interested in the product must be eligible for minimum loan amount of 2,000,000.

What are the features of FCMB Premium Salary Plus Loan?

1. Minimum loan amount – N2 Million
2. Maximum tenure – 60 Months
3. Minimum tenure – 12 Months
4. Management fee – 1% flat upfront (0.5% for top-up loan)
5. Collateral – Domiciliation of salary, terminal benefits and other allowances
6. Insurance fee – 0.9%*loan amount*tenure (in years)

How to apply for FCMB premium salary plus Loan?

Customers can apply either through FCMBOnline or visit any fcmb branch

3. FCMB FastCash pay day loan

This kind of credit facility is paperless with with no collateral requirement.It’s designed for existing FCMB customers; Non-FCMB Customers and has the following benefits.


Instant access to funds
Up to N100,000 loan amount
No paperwork required, just apply through *329*11#.
No collateral needed
30 days clean up cycle
Customer can apply as many times in a year as s/he is qualified.


Instant access to funds
Up to N200,000 loan amount
No paperwork required, just apply through *329*11#.
No collateral needed
No FCMB account is required
Up to 3 Months Repayment cycle
Customer can apply as many times in a year as s/he is qualified.
interest Rate of 3.5% monthly and a one-off management fee of 1%
Funds will be transferred to the customers salary account in any bank where the salary is domiciled
All Federal Government Employees EXCEPT Military and Para-Military Employees

How to Apply for FCMB FastCash Loan

Customers can apply via USSD code *329*11#.

You can also read: FCMB Bank USSD code:How to check Account Balance, e-Statement of Account online

4. FCMB Auto Loan

This kind of credit scheme allows qualified individuals to part-finance acquisition of cars for personal use. This mean customers can own a car and pay over a period of time.

It enables customer purchase vehicles from auto dealers who have been prequalified and have agreed an SLA with the bank.

Eligibility to obtain FCMB Auto loan

Individuals in structured employment
Self-employed individuals with regular income.

What is the Features FCMB Auto Loan?

Borrow N500,000.00 to N30,000,000.00
Payment over 12 to 60 months
Contribute as low as 20% towards the purchase
Comprehensive Insurance on the car for the entire loan period
No security required
Competitive pricing and no hidden charges

What is the Benefits of FCMB Auto Loan

Installation of free tracking device for auto valued at N3, 000,000 and above
Buy a car of your choice from our list of acceptable brands and spread payment over a convenient period
We have reliable dealers accredited to ensure you buy from a safe source
Convenient insurance payment included in the loan repayment amount
No residual cost at end of loan

Source: First City Monument Bank

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